This property was bought by the vendor in December 2017 for £65,000. The property had since been improved, but the seller needed to sell quickly. A cash buyer picked up the property for £52,500, gaining a good BMV property discount and some good equity in the property, as well as an excellent rental yield, to add to their growing portfolio.
Discount Available: 19%
Property Type: 2 Bed End Terrace
Open Market Value: £65,000
Net Purchase Value: £52,500
Equity Bonus: £12,500
Estimated Rental: £450
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